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Feb 6, 2013
02/13
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president obama is looking for a few good techies. round two of the presidential innovation fellows program has just been announced. its goal is to use innovation techniques to tackle national issues. the fellows are assigned to work on a variety of sophisticated projects. in the first round of this program, 600 people applied in the first 24 hours. the application process is available at whitehouse.gov. united is applauding a record performance in january. it's reporting january 2013 was the best month for its operations in more than a decade. on average, nearly 80% of its international and domestic flights were on time. it comes following a challenging year for the airline, when computer glitches caused delays for thousands. the airline also lost customers. united execs say much of the problem stemmed from growing pains of merging with continental. the new blackberriess are making a strong connection with consumers in canada and britain. bloomberg news reports record orders are coming in for blackberry z-10s at canadian wireless car
president obama is looking for a few good techies. round two of the presidential innovation fellows program has just been announced. its goal is to use innovation techniques to tackle national issues. the fellows are assigned to work on a variety of sophisticated projects. in the first round of this program, 600 people applied in the first 24 hours. the application process is available at whitehouse.gov. united is applauding a record performance in january. it's reporting january 2013 was the...
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Feb 5, 2013
02/13
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KICU
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president obama failed to submit a budget plan, and republican house speaker john boehner is calling him out on the missed deadline. "this was supposed to be the day he submitted his budget to the congress. but it's not coming. it's going to be late. some reports say it could be a month late." the white house spokesman says republicans should take up and pass the president's previous budget plans, which include billions of dollars in revenue from higher taxes. according to reports, the white house did not release an exact date on when the president will issue his next budget, but the white house reportedly is blaming congress for taking until january to work out a deal that would avoid the fiscal cliff. new york governor andrew cuomo proposes one of the most ambitious home buyback programs ever attempted. $400 million would be used to purch homes destroyed by superstorm sandy along the state's coastline. the governor would then preserve that land so that nothing could be re-built, thereby re-shaping how the coastline would be used. the purchase program will require federal approval.
president obama failed to submit a budget plan, and republican house speaker john boehner is calling him out on the missed deadline. "this was supposed to be the day he submitted his budget to the congress. but it's not coming. it's going to be late. some reports say it could be a month late." the white house spokesman says republicans should take up and pass the president's previous budget plans, which include billions of dollars in revenue from higher taxes. according to reports,...
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Feb 7, 2013
02/13
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CNBC
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this is john brennan's boss before he started working for barack obama, guys? thz sounds like juicy 007. a little bit cloak and dagger. but at the same time, there is nothing to suggest anything inappropriate was going on here. >> that's right. we should underscore that. i didn't talk to anybody who suggested that john brennan ever did anything inappropriate while in the private sector. i did talk to several people who questioned sort of why we need this private intelligence structure in any case. why do we have global private security firms operating in beijing and washington and baghdad at the same time? and this is an entirely tax-payer fueled entity. >> eamon, you know the answer to that. the way that the u.s. army can say, we don't have operatives in south america. they didn't but they were paying mercenaries to be down there. >> yeah, look, a lot of this is is done in a very hidden way. very merurky world. we had so sift through record to find the corporate structure to find out the global strategies group for example, registered in luxembourg, not englan
this is john brennan's boss before he started working for barack obama, guys? thz sounds like juicy 007. a little bit cloak and dagger. but at the same time, there is nothing to suggest anything inappropriate was going on here. >> that's right. we should underscore that. i didn't talk to anybody who suggested that john brennan ever did anything inappropriate while in the private sector. i did talk to several people who questioned sort of why we need this private intelligence structure in...
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obama think he can do here? >> what cyber experts say doesn't go on without the expletive or intuitive report of the chinese government so that is one of the big issues here. a new u.s. intelligence report is expected to call the rising chinese cyber attacks a threat to the u.s. economy. after noting recent attacks on their computer systems suspected of originating from china. social media site twitter said extremely sophisticated hackers from unidentified source may have stolen e-mail names, passwords, 2000 customers. they have made little progress in negotiations with the chinese to stop this kind of hacking. by the u.s. is considering economic and diplomatic steps to prevent it and according to the financial times, more information sharing between washington and private companies to protect critical systems and infrastructure like power grids and medication systems. >> we have had and have been very clear about our substantial and growing concerns about the threat of economic and national security posed by cy
obama think he can do here? >> what cyber experts say doesn't go on without the expletive or intuitive report of the chinese government so that is one of the big issues here. a new u.s. intelligence report is expected to call the rising chinese cyber attacks a threat to the u.s. economy. after noting recent attacks on their computer systems suspected of originating from china. social media site twitter said extremely sophisticated hackers from unidentified source may have stolen e-mail...
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Feb 1, 2013
02/13
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CNBC
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with no bad debt expense with more people using hospitals because of obama care it's going to keep going. >> media stocks have done quite well. cbs? >> cbs is great. i like, i mean, the wyndham, the number one on that list earnings wednesday next week, judge. i like this one because barry sternwick was on cnbc i think monday this week. he of course with starwood and so forth talking about how properties around the world have appreciated and perhaps how they're not valuing properly the land underneath many of those properties. wyndham is a beneficiary of that. and obviously any of the reitization of any of these companies could also put a lot more on the bottom line. >> and the whole travel and leisure complex has done very, very well. >> yes. >> through the year. airlines, priceline, so that's wyndham as well. >> something we haven't talked about yeah we've talked about this move back to 14,000 on the overall market but not what was leading today. that was telecos. that is the leadership group today. what is your outlook? kind of amazing. what's happening, what is driving the telecos tod
with no bad debt expense with more people using hospitals because of obama care it's going to keep going. >> media stocks have done quite well. cbs? >> cbs is great. i like, i mean, the wyndham, the number one on that list earnings wednesday next week, judge. i like this one because barry sternwick was on cnbc i think monday this week. he of course with starwood and so forth talking about how properties around the world have appreciated and perhaps how they're not valuing properly...
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no doubt, says president obama. the judge calls it theft. he's here next. >> as we do every day at this time of day. let's take a look at the 10-and 30-year treasuries as we head to break. we'll be right back. ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ >> this is requester fox business brief. stocks under pressure as of dow closed above 14,000 friday, a weaker than expected factory orders report drags down the market. the government says it orders rows 1.8% in december versus a forecast of 2.2%. we'll look out for numbers of yum brands after the close today. the parent company of taco bell, kfc, and pizza hut is expected a profit of 11 cents a share on $4.1 billion. prepare for fish mcbites. mcdonald's offers them as the first new happy meal in over a decade. they say fish mcbi
no doubt, says president obama. the judge calls it theft. he's here next. >> as we do every day at this time of day. let's take a look at the 10-and 30-year treasuries as we head to break. we'll be right back. ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank....
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Feb 7, 2013
02/13
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CNBC
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president obama had the courage to back him. and it turned out to be successful. in comparison, if i may say so, with what the europeans have done with their banks, where nobody knows what the numbers are, they apply a stress test that was meaningless and here we are some number of years later, they were still, and rightly so, enormous questions about many of the european banks. i think tim has done an excellent job. >> do you push for enough regulation? people look at compensation on wall street and say it's still too much. >> well i don't think that compensation was the purview of tim. you could argue about compensation one way or another and argue what role it played. that's an issue that the policy community is going to have to deal with going forward. but, it wasn't central to what he had to do. >> do you think compensation played a role? obviously the other critique on you has been that you were paid a huge amount of money, $100 million plus. no one's ever asked me and i was wondering if i could, did you get to keep all that money? a lot of it was in stock.
president obama had the courage to back him. and it turned out to be successful. in comparison, if i may say so, with what the europeans have done with their banks, where nobody knows what the numbers are, they apply a stress test that was meaningless and here we are some number of years later, they were still, and rightly so, enormous questions about many of the european banks. i think tim has done an excellent job. >> do you push for enough regulation? people look at compensation on...
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Feb 4, 2013
02/13
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president obama once again says he's going to seek to get new revenue to help bring down the deficit and specifically, he's now calling out carried interest tax breaks again. we'll see where that goes. plus, the story that everyone is talking about this morning, the ravens holding on to beat the 49ers in the super bowl after the lights went out for 45 minutes at the superdome. we're going to try to keep the lights on. "squawk box" begins right now. ♪ if you like it then you should have put a ring on it ♪ ♪ if you like it then you should have put a ring on it ♪ >> good morning, everybody. i'm becky quick along with andrew ross sorkin. joe kernen is on vacation today so we're joined by steve liesman. we're happy to have him here. our top story this morning, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in the power system triggered an automatic shutdown forcing backup sy
president obama once again says he's going to seek to get new revenue to help bring down the deficit and specifically, he's now calling out carried interest tax breaks again. we'll see where that goes. plus, the story that everyone is talking about this morning, the ravens holding on to beat the 49ers in the super bowl after the lights went out for 45 minutes at the superdome. we're going to try to keep the lights on. "squawk box" begins right now. ♪ if you like it then you should...
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Feb 1, 2013
02/13
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so a lot of changes here for barack obama. obviously this is typical when you have a second term but of course it's a tricky period for any president to navigate because he's got those familiar faces now parting ways and he's got a whole new crew coming in. >> transportation, too, as my producer points out. and energy one of those that really does have implications for investing. thanks so much. >> yes. >> so is this rally going to continue? on the newsline this morning brian belsky the chief investment strategist with bmo capital markets, good morning to you. >> good morning, carl. thanks for having us. >> what do you make of today and everything that's led up to today starting at the beginning of the year? >> well, i tell you what. this is all about building, quote-unquote, street cred for equities again, rising stock prices do a lot with respect to making people feel better about the institution of equity investing. clearly, some asset allocation models have poured money back into stocks and that is why we've seen near term
so a lot of changes here for barack obama. obviously this is typical when you have a second term but of course it's a tricky period for any president to navigate because he's got those familiar faces now parting ways and he's got a whole new crew coming in. >> transportation, too, as my producer points out. and energy one of those that really does have implications for investing. thanks so much. >> yes. >> so is this rally going to continue? on the newsline this morning brian...
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Feb 4, 2013
02/13
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live to washington for the details on that next. >>> president obama saying the u.s. can reduce its budget deficit. john harwood has more. >> the big question in washington is what is the next budget deal to reduce the deficit going to be? what is going to be in it? will it be spending cuts or revenue? the president said in the super bowl interview with scott pelley yesterday that it has to include revenue and singled out one in particular, that is the carried interest loophole. >> i don't think the issue right now is raising rates. there is no doubt we need additional revenue coupled with smart spending reductions, in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. the average person doesn't have access to carried interest income where they end up paying a much lower rate on billions of dollars that they have earned. >> now, going into the president's favor as he tries to go after this is a widespread belief on wall street, even that this is an unjustified loophole, one of the top figures on wall street told me the
live to washington for the details on that next. >>> president obama saying the u.s. can reduce its budget deficit. john harwood has more. >> the big question in washington is what is the next budget deal to reduce the deficit going to be? what is going to be in it? will it be spending cuts or revenue? the president said in the super bowl interview with scott pelley yesterday that it has to include revenue and singled out one in particular, that is the carried interest loophole....